Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht · XETR:STO3
Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht — Sto SE & Co. KGaA — Q3 2020 Earnings Presentation
28 slides from Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht's earnings presentation, Nov 12, 2020
Slide 1: Q3 2020 – Recovering in challenging Context
Q3 2020 – Recovering in challenging Context November 12th, 2020 | Ströer SE & Co. KGaA
Slide 2: Agenda
AGENDA 01 02 03 04 Strategic Reassurance Business Update Financial Status 2
Slide 3: Results 9M 2020 Continuing Operations
Results 9M 2020 Continuing Operations m€ 9M 2020 9M 2019 Ÿ Reported 987.4 1,123.1 -12% Revenues Organic(1) -11.0% 7.2% -18.2%pts EBITDA (adjusted) 310.6 387.2 -20% EBIT (adjusted) 90.2 175.0 -48% Net income (adjusted)(2) 59.3 128.2 -54% Operating cash flow 238.2 282.6 -16% Capex 93.2 78.7 +19% Note:
Slide 4: Q3 outperforms original Expectations by more than 10 Points
Q3 outperforms original Expectations by more than 10 Points OoH & Public Video recovering faster than expected | Non-OoH fully back on Track OoH Media Digital OoH & Content Direct Media ____ ____ ____ Trend mid Trend mid IX vs. PY Results IX vs. PY Results IX vs. PY Results of August of August Q3 ~
Slide 5: Six Key Learnings from meanwhile 8 Months of Pandemic
Six Key Learnings from meanwhile 8 Months of Pandemic Extremely robust Setup for Crisis | Long-term strategic Drivers fully intact Q3 Key Messages for Q3 Forecast 1. Focus on a very robust country allows an extremely fast response to the crisis and i.e. a tight management of the semi-flexible cost s
Slide 6: Globally unique OoH+ Strategy with One-Market-Focus
Globally unique OoH+ Strategy with One-Market-Focus COVID-19 a Bump in the Road for our Long-Term Targets Robust advertising Proprietary tech stack Potential for growth market vs. economic & strong programmatic due to declining deviations in Germany and data capabilities competitive markets OoH mark
Slide 7: Agenda
AGENDA 01 02 03 04 Strategic Reassurance Business Update Financial Status Outlook 7
Slide 8: German Mobility in Times of Crisis (1)
German Mobility in Times of Crisis (1) V-Shape Recovery of Audience after 1st Wave; currently still robust Traffic 160 Almost all federal states close daycare centers 140 and schools 120 Introduction of the obligation to wear masks 100 Nationwide 80 exit restrictions 60 Announcement of the 2nd lockd
Slide 9: German Mobility in Times of Crisis (2)
German Mobility in Times of Crisis (2) Generally at a higher Level than in almost all other Countries 160 Almost all federal states close daycare centers 140 and schools 120 Introduction of the obligation to wear masks 100 Nationwide 80 exit restrictions 60 Announcement of the 2nd lockdown 40 20 All
Slide 10: Weekly Orderbook Development – Q2 & Q3 2019 vs. 2020
Weekly Orderbook Development – Q2 & Q3 2019 vs. 2020 Peak of Crisis Week 11-24 | Normalized Order Intake since then Classic OoH formats: Revenue inflow Public Video: Revenue inflow Q2 Q2 30.000 105.000 25.000 85.000 20.000 65.000 15.000 45.000 10.000 25.000 5.000 5.000 0 (15.000) (5.000) 1 2 3 4 5 6
Slide 11: Ströer with unparalleled Setup in the Growth Industry DOoH
Ströer with unparalleled Setup in the Growth Industry DOoH Market Leader Position extended throughout the Crisis Development so far End of Q3 in total 79,921 screens Public Video Roadside POS/Digital reaching >85% of total population Network Screens Signage YTD 2020 384 additional premium screens fu
Slide 12: Further Shift towards Programmatic DOoH throughout the Crisis
Further Shift towards Programmatic DOoH troughout the Crisis Trading Automation and Data Key Driver across all Digital Media Performance Strategy Effect Programmatic Public Video has been Public Video Programmatic Public Video share of . national sales YtD firmly established for over 2 years and 130
Slide 13: Content & Online Media with strong Development & Data Products
Content & Online Media with strong Development & Data Products Successful Management of COVID-19 and post-Cookie Challenges Audience performance New contextual targeting product via Otto Joint Venture T-online Visits m Additional website content crawled and 8 380 2018 classified via NLP into 600 IAB
Slide 14: Dialog Services broadening Customer Base & Product Offering
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Slide 15: Agenda
AGENDA 01 02 03 04 Strategic Reassurance Business Update Financial Status Outlook 15
Slide 16: Profit and Loss Statement Q3 2020
Profit and Loss Statement Q3 2020 Continuing Operations m€ Q3 2020 Q3 2019 Ÿ% Revenues 355.0 379.5 -6% EBITDA (adjusted) 125.1 131.4 -5% Exceptional items -5.2 -10.2 +49% EBITDA 119.9 121.2 -1% Depreciation & Amortization* -87.9 -90.4 +3% EBIT 32.0 30.8 +4% Financial result* -6.7 -8.3 +19% Tax resul
Slide 17: Free Cash Flow Perspective Q3 2020
Free Cash Flow Perspective Q3 2020 Continuing Operations m€ Q3 2020 Q3 2019 Comment EBITDA (adjusted) 125.1 131.4 Solid cashflow performance in Q3 in a challenging ¬ market environment - Exceptional items -5.2 -10.2 Earnings on previous year’s level EBITDA 119.9 121.2 Working capital development i
Slide 18: Segment Perspective Q3 2020 – Robust Financials in Times of Crisis
Segment Perspective Q3 2020 – Robust Financials in Times of Crisis Continuing Operations OoH Media Digital OoH & Content Direct Media Org. growth m€ -23.6% Q3 2019 º » ¼ ½ ¾ ¿ À Á Â Ã Ä Å Æ Ç È Ò Ó Ô Õ Ö × 170.9 Org. growth +19.9% Margin 133.6 133.3 ± ² ³ ´ µ 43.4% Margin 97.0 77.1 39.5% 84.1 Margin
Slide 19: Agenda
AGENDA 01 02 03 04 Strategic Reassurance Business Update Financial Status Outlook 19
Slide 20: Ströer Group's Key Performance Indicators – Outlook Q4/2020
Ströer Group’s Key Performance Indicators – Outlook Q4/2020 Based on our orderbook visibility (end of October) and in the light of a still unclear 2nd COVID-19 wave, we expect further stabilization and recovery of our business and revenues in the range of IX 92 to 97 versus previous year for the fou
Slide 21: Potential new Segmentation
Potential new Segmentation New Segmentation Comment Status quo Ströer Group New structure to reflect business dynamics of the past two years Reconciliation OoH Media Direct Media HQ Traditional OoH activities and Ø Ù Ú Û Ü Ý Þ ß à á â ã Public Video in one segment „PLUS“ activities bundled in
Slide 22: Financial Calendar 2021
Financial Calendar 2021 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 November 10th Publication of Q3 Quarterly Statement August 17th Publication of Half-Yearly May 11th Financial Report March 3rd Publication of November 4th Publication of Preliminary Q1 Quarterly Statement Annual General Meeting Figures
Slide 23: Slide 23
Slide 24: Disclaimer
Disclaimer This presentation contains “forward looking statements” regarding Ströer SE & Co. KGaA (“Ströer”) or the Ströer Group, including opinions, estimates and projections regarding Ströer’s or the Ströer Group’s financial position, business strategy, plans and objectives of management and futur
Slide 25: Appendix
Appendix 25 | STROER
Slide 26: Profit and Loss Statement 9M 2020
Profit and Loss Statement 9M 2020 Continuing Operations m€ 9M 2020 9M 2019 Ÿ% Revenues 987.4 1,123.1 -12% EBITDA (adjusted) 310.6 387.2 -20% Exceptional items -17.5 -23.7 +26% EBITDA 293.1 363.5 -19% Depreciation & Amortization* -267.0 -263.8 -1% EBIT 26.1 99.7 -74% Financial result* -21.6 -22.8 +5%
Slide 27: Free Cash Flow Perspective 9M 2020
Free Cash Flow Perspective 9M 2020 Continuing Operations m€ 9M 2020 9M 2019 EBITDA (adjusted) 310.6 387.2 - Exceptional items -17.5 -23.7 EBITDA 293.1 363.5 - Interest -17.1 -20.0 - Tax -15.1 -32.0 -/+ WC -28.0 -25.0 - Others +5.3 -3.9 Operating Cash Flow 238.2 282.6 Investments (before M&A) -93.2 -
Slide 28: Segment Perspective 9M 2020
Segment Perspective 9M 2020 Continuing Operations OoH Media Digital OoH & Content Direct Media Org. growth m€ Org. growth 9M 2019 -25.1% -3.6% 9M 2020 ì í î ï ð Org. growth Margin 399.5 378.4 +3.0% 370.7 39.9% Margin 35.7% 254.7 255.5 ú û ü ý þ ÿ ñ ò ó ô õ 148.0 136.2 135.1 42.2 ö ÷ ø ù Revenues EBI